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RE: For those that may have missed the memo, I am sticking to a Target Price for Bitcoin at a minimum of $1,000,000.

Basically give up everything you know. Start doing it now, so you have time to adjust.

"How did you go bankrupt? Slowly at first, and then all at once."

Both the good guys and the bad guys are pushing for the end of the dollar. It will happen. The dominoes are already falling.

Both the good guys and the bad guys are pushing for digital money. So, it will also happen. We are seeing a huge investment of resources into moving into a block-chain world.

So, at some point these things are going to cross. The US$ will fall of a cliff. And crypto-currencies will be adopted.

BUT!

The road there is not smooth.
Clif High talks about this quite often, and i like his words.
We are not heading for a financial collapse. We are heading towards a financial turbulance, or a shakeup of the whole system.

The US$ collapses, and the FED, as they have done before, tries to reissue a new currency, that will fail, then they will try again, and fail... and then something succeeds.

In the future, we will have 5 continental currencies.
Which is a good thing, as long as it is not controlled by people who are skimming off of, and controlling to the detriment of everyone using them. And, the road there is rough.

So, as i said, we will see $1,000,000 bitcoin. Everything has already been put into place for that to happen. It is all but inevitable.

However, within the next 10 years, we will see many places degrade to barter.
We will see Kalifornians mining/panning for gold to buy food.
So, although a single bitcoin will be worth a kings ransom, there will be no trading it for convenient The US dollars.